New Delhi, March 27 -- Since taking over as US President for a second time, Donald Trump has kept the world on its toes with an avalanche of tariff threats. While most are yet to materialise, Trump recently announced a 25% tariff on all US trading partners that import crude oil from Venezuela, effective 2 April.

This, however, is unlikely to have any material impact on India, experts told Mint. That's because the share of Venezuelan crude oil in India's oil import basket is less than 1%. And with Reliance Industries - a major importer of Venezuelan crude to India - halting fresh imports, the country's position has improved.

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India's crude shipments from Venezuela peaked almo...